• About
  • Advertise
  • Contact
Wednesday, October 29, 2025
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home Business

Africans In Position To Develop Africa, Dangote Tells Global CEOs

...says You think small, you don’t grow; you think big, you grow

Vital News by Vital News
July 14, 2025
in Business, Economy, Oil & Gas
0
Africans In Position To Develop Africa, Dangote Tells Global CEOs
Share on FacebookShare on Twitter

President/Chief Executive of Dangote Industries Limited, Aliko Dangote, has urged African entrepreneurs, business leaders and wealthy individuals to invest in the development of the continent.

Dangote spoke while hosting participants of the Global CEO Africa Programme from Lagos Business School and Strathmore Business School, Nairobi, after a tour of the Dangote Petroleum Refinery & Petrochemicals in Ibeju-Lekki, Lagos.

He emphasised that with the right investments, Africa has the potential to grow and compete globally.

According to him, what the continent needs are bold and transformative projects capable of addressing its long-standing challenges.

He cited the successful construction of the world’s largest single-train refinery—the Dangote Petroleum Refinery—as proof that nothing is impossible.

RelatedStories

Dangote Cement Records ₦743.3 billion Profit After Tax In Nine Months, Achieves 165% Growth In EPS

FIRS Surpasses 2025 Revenue Target In 9 Months, Nets N22.59trn

Dangote Refinery Announces Plan To Increase Capacity From 650,000bpd To 1.4million bpd

Olubadan Set Up Committee To Revamp Moribund Industries, Revamp Abandoned Ibadan Urban Renewal Programme

Dangote maintained that similar achievements can be replicated across sectors to drive economic growth.

He reflected on the initial scepticism surrounding the refinery project, noting that despite numerous obstacles, the group remained steadfast in its commitment to delivering on its vision.

“There will always be challenges. In fact, life without challenges isn’t exciting.

“You just hope for the kind of challenges you can overcome—not the ones that overwhelm you,” he remarked.

He explained that completing the refinery has emboldened the group to pursue even more ambitious goals.

“Now that we’ve built this refinery, we believe we can do anything.

“We aim to make our fertiliser company the largest in the world—and we’ve set ourselves a 40-month timeline,” he said.

Dangote highlighted Africa’s wealth in both human and natural resources, stressing that business leaders are in a privileged position to harness these assets and create jobs for the continent’s growing population.

He stated that development cannot be left to governments alone, urging the private sector to trust in national leadership and invest at home instead of moving capital abroad.

“We, as Africans, must stop taking our money abroad.

“We should invest it here to build our countries and the continent.

“As for me, I don’t take my money out of Africa. If we don’t show confidence in our own economies and leadership, foreign investors certainly won’t.

“After all, we know our leaders better than anyone else. That money being taken out of the continent should be left here, where it can benefit everyone,” he advised.

While many African nations have achieved political independence, Dangote argued that they remain economically dependent.

He cited countries like Dubai and Singapore, which were on par with some African countries in the 1970s but have surged ahead through deliberate policies and partnerships with visionary entrepreneurs.

Dangote expressed concern about the disparity between Africa’s rapidly growing population and the limited job opportunities available.

He called for a strong banking sector, a robust manufacturing base, and a thriving agricultural sector as cornerstones of the continent’s transformation.

He also stressed the importance of improved interconnectivity among African nations, revealing that it is currently cheaper to import goods from Spain than to transport cement clinker from Nigeria to neighbouring Ghana.

Acknowledging policy inconsistency and infrastructural challenges, Dangote encouraged the visiting CEOs not to be deterred but to remain ambitious while acquiring deep knowledge of their respective industries.

“If you think small, you don’t grow. If you think big, you grow. It’s better to try and fail than never to try at all,” he advised the 24 CEOs in attendance from six African countries.

Academic Director of the Global CEO Africa Programme at Lagos Business School, Patrick Akinwuntan, explained that the initiative is designed to inspire Africa’s future business leaders.

The programme, in partnership with Strathmore Business School in Nairobi, comprises three modules, requiring participants to spend a week each in Nairobi (Kenya), Lagos (Nigeria), and New Haven (USA).

“The goal is to nurture business leaders who see Africa as a single market—one without borders—focused on the continent’s vast potential. The refinery is a powerful symbol that vision goes beyond mere sight,” he said.

Akinwuntan, who is also the former Managing Director of Ecobank Nigeria, praised Dangote for his integrity, competence, and boldness in bringing such a monumental project to fruition.

Executive Dean of Strathmore Business School, Dr Caesar Mwangi, echoed these sentiments.

He said the visit would inspire CEOs to realise that only Africans can truly develop the continent.

“This refinery is the world’s largest single-train refinery. It’s proof that we must dream big, think big, and—most importantly—act.

“If the Dangote Group can achieve this, then so can others across the continent,” Mwangi said.

“Every CEO here can take this inspiration back home and initiate impactful projects that will uplift our continent and create opportunities for the millions of young Africans who need them,” he added.

Dean of Lagos Business School, Prof Olayinka David-West, stated that the visit aligned with the school’s mission of grooming leaders capable of addressing Africa’s complex social and institutional challenges.

She lauded Dangote as a visionary leader who mobilises resources to confront the continent’s critical problems.

She noted that the refinery’s ripple effect extends beyond petroleum production, enhancing livelihoods and national wellbeing.

“This facility is pivotal. It serves as a practical tool to implement frameworks like the African Continental Free Trade Area (AfCFTA).

“While it’s one project, its effects will be felt across multiple sectors,” she explained.

Dr Rabiu Olowo, CEO of Nigeria’s Financial Reporting Council and a participant in the programme, said the visit had reignited the need for bold and courageous thinking in pursuing sustainable national development.

The visiting CEOs also included global banking leader Segun Aina; Managing Director of Family Bank, Nairobi, Nancy Njau; Executive Director and Chief Financial Officer for Cameroon, CEMAC, and CESA Region at Ecobank, Emmanuel Wakili; and former President of the CFA Society Nigeria, Ibukun Oyedeji, among others.
(vitalnewsngr.com)

Tags: AfricaAfricansDangotedevelop
Previous Post

Former President Muhammadu Buhari For Burial In Daura Tuesday, July 15, Gov. Radda Announces

Next Post

FG Declares Tuesday, July 15 Public Holiday In Honour Of Late Former President Muhammadu Buhari

Vital News

Vital News

RelatedStories

Dangote Cement Set To Commission 3Mta Grinding Plant In Côte d’Ivoire
Business

Dangote Cement Records ₦743.3 billion Profit After Tax In Nine Months, Achieves 165% Growth In EPS

October 28, 2025
FIRS Surpasses 2025 Revenue Target In 9 Months, Nets N22.59trn
Economy

FIRS Surpasses 2025 Revenue Target In 9 Months, Nets N22.59trn

October 27, 2025
Dangote Refinery Announces Plan To Increase Capacity From 650,000bpd To 1.4million bpd
Oil & Gas

Dangote Refinery Announces Plan To Increase Capacity From 650,000bpd To 1.4million bpd

October 26, 2025
Olubadan Set Up Committee To Revamp Moribund Industries, Revamp Abandoned Ibadan Urban Renewal Programme
Economy

Olubadan Set Up Committee To Revamp Moribund Industries, Revamp Abandoned Ibadan Urban Renewal Programme

October 23, 2025
‎IMPI Welcomes First Interest Rate Cut In Five Years, Says CBN Decision Aligns With Its Projection
Economy

‎IMPI Revises Inflation Rate Projection To 14% From 17% For December

October 22, 2025
Next Post
Former President Muhammadu Buhari Dies In London At 82

FG Declares Tuesday, July 15 Public Holiday In Honour Of Late Former President Muhammadu Buhari

President Tinubu Constitutes Committee For State Burial Of Former President Muhammadu Buhari

President Tinubu Constitutes Committee For State Burial Of Former President Muhammadu Buhari

Osinbajo, Abiodun, Sanwo-Olu, Dangote, Osoba, Ibori, Daniel, Amosun, Others Present As Awujale Is Buried

Osinbajo, Abiodun, Sanwo-Olu, Dangote, Osoba, Ibori, Daniel, Amosun, Others Present As Awujale Is Buried

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Recommended

Oyo Assembly Gives Makinde Power To Grant Beaded Crown, Coronet

Makinde Sacks Auxiliary, Dissolves Park Management Committee

2 years ago

2023 : Akpabio To Approach Supreme Court Over Nullification

3 years ago
May 29 : Appeal Court Fines Ex-Presidential Candidate N40mln for Filing Suit To Stop Inauguration of Tinubu

INEC Drags Ari, Suspended Adamawa REC To Court, Files Six-Count Charge Against Him

2 years ago
INEC Ready With 142 Recommendations To Improve Electoral Process – Mahmood

INEC Ready With 142 Recommendations To Improve Electoral Process – Mahmood

1 year ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • Maritime/ Marine Transport
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Tourism
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN cement Court Dangote death dies drugs Economy EFCC Election FG gunmen Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power refinery rescue road Security students Tinubu US
No Result
View All Result

Highlights

FIRS Surpasses 2025 Revenue Target In 9 Months, Nets N22.59trn

Aliko Dangote Foundation Flags Off National Initiative To Promote Fermented Foods For Nutrition And Food Security

President Tinubu Hails Oloye Lekan Alabi At 75

ARMTI, Abia State Partner To Create Wealth For Farmers, Opens Regional Office In South-East

More Than 65% Of Diseases Suffered By Nigerians Are Livestock Related – NVMA President

Dangote Refinery Announces Plan To Increase Capacity From 650,000bpd To 1.4million bpd

Trending

Opinion

CONTRACTORS, GOVERNMENT AGENTS AND THE STABILITY OF NIGERIA BY DR AUSTIN ORETTE

by Vital News
October 28, 2025
0

CONTRACTORS, GOVERNMENT AGENTS AND THE STABILITY OF NIGERIA BY DR AUSTIN ORETTE Who makes these changes? “I...

AN INSIGHT INTO CHINA’S FIVE-YEAR PLAN FOR SUSTAINABLE DEVELOPMENT By Lawal Sale 

AN INSIGHT INTO CHINA’S FIVE-YEAR PLAN FOR SUSTAINABLE DEVELOPMENT By Lawal Sale 

October 28, 2025
Dangote Cement Set To Commission 3Mta Grinding Plant In Côte d’Ivoire

Dangote Cement Records ₦743.3 billion Profit After Tax In Nine Months, Achieves 165% Growth In EPS

October 28, 2025
FIRS Surpasses 2025 Revenue Target In 9 Months, Nets N22.59trn

FIRS Surpasses 2025 Revenue Target In 9 Months, Nets N22.59trn

October 27, 2025
Aliko Dangote Foundation Flags Off  National Initiative To Promote Fermented Foods For Nutrition And Food Security

Aliko Dangote Foundation Flags Off National Initiative To Promote Fermented Foods For Nutrition And Food Security

October 27, 2025
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • CONTRACTORS, GOVERNMENT AGENTS AND THE STABILITY OF NIGERIA BY DR AUSTIN ORETTE October 28, 2025
  • AN INSIGHT INTO CHINA’S FIVE-YEAR PLAN FOR SUSTAINABLE DEVELOPMENT By Lawal Sale  October 28, 2025
  • Dangote Cement Records ₦743.3 billion Profit After Tax In Nine Months, Achieves 165% Growth In EPS October 28, 2025

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • Maritime/ Marine Transport
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Tourism
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In